Scott:

If we have recovery and therefore increasing demand due to a more robust oil demand profile, it will likely be due to an inflationary economy and thus likely lower interest rates will not be available. If lower interest rates are available, it will likely be due to a protracted recessionary/deflationary period which would cause reduced demand due to high unemployment. In which case Connacher would not likely have survived as a producer of high cost product in a time of reduced demand with lower prices making all of oil sands non competitive. Choose your poison. But likely, the only way Connacher survives as a high cost producer is the inflationary scenario.

Brian